884.6461 Tsana Dam/17: Telegram

The Secretary of State to the Chargé in Egypt (Winship)

[Paraphrase]

28. Your telegram No. 8 of November 7, 10 a.m. For your information and for such guarded use as may be deemed advisable.

According to information given to the Department the following is the proposition made to White and Company: the company to issue bonds for funds with which to build the dam and a motor highway between Tsana and Addis Ababa, the Government of Ethiopia to reach agreement with the Governments of Egypt and Great Britain on a fair price for added irrigation water made available, the price to be high enough to pay for the amortization charges and interest on the bond issue. The Department understands that pending the necessary international agreement no final contract will be signed. The agent of the Ethiopian Government dealing with White and Company is now in London, it is presumed to discuss the subject with the British Foreign office.

Kellogg